MLRO and Compliance Advisor

Our client is seeking to recruit an MLRO & Compliance Advisor to run its AML/CFT and regulatory compliance functions and advise its service teams. 

• act as MLRO and oversee the effectiveness of its AML/CFT framework.
• Ensure compliance with the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) and applicable FIAU Implementing Procedures.
• Maintain and continuously the AML/CFT policies, procedures, controls and risk-based approach.
• Oversee customer risk assessments, CDD/EDD, ongoing monitoring and transaction-related reviews.
• Review and assess unusual or potentially suspicious activity and determine whether matters require escalation or reporting.
• Prepare and submit suspicious transaction/activity reports and other required regulatory notifications where appropriate.
• Maintain an effective regulatory compliance framework covering applicable MFSA requirements.
• Monitor regulatory developments and translate new requirements into practical actions for the business
• Provide practical, risk-based compliance advice to client-facing and service teams.
• Support teams with client onboarding and ongoing client management, particularly where cases involve higher-risk or complex circumstances.
• Advise on CDD/EDD requirements, client risk classification, source of funds/wealth, beneficial ownership and other AML/CFT considerations.

Requirements

• Candidates must hold strong AML and compliance experience
• Candidates must be eligible to be PQ'd
• Experience within corporate services is required
• Local experience is required